I only look at stocks that have the possibility to double over a twelve month period and stocks in which the risk/reward ratio payout is high. In addition I focus on swing trade opportunities. I focus more on valuations and risk/reward metrics as opposed to what make companies tick. I have been... More

I have told you many times to sell APPL at the $700 mark. I have also told you that this is a swing trade stock and not a buy and hold stock. Lastly, I have also told you many times (see my APLE logic here) that it would be a buy at $500. As such and an a technical note, we now have confirmed technical strength for the stock.

My hunch is that we will see resistance around $600 when we approach the 200 day moving average. That's about a 15% return from these levels. If and when we reach $600 I will evaluate the technical situation again, but for now, the stock is a buy.

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